aktradelearning

aktradelearning P Updated 

This post covers Multi time frame analysis. On monthly tf Hindalco gave a multi year resistance breakout in 2021 Feb and from there it went on to become double. During June 2022, it corrected and retested the same trendline resistance which now became support. Weekly TF : On weekly TF; it is making HL since Covid Low and has been consistently taking...

aktradelearning P Updated 

There is extreme pessimism with respect to Nasdaq and US IT Tech companies and they have corrected heavily from top. It looks like that NDQ is making a double bottom formation on weekly tf at fibo golden ration i.e. 61.8% retracement from Covid low to ATH. There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks...

aktradelearning P Updated 

Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points. It corrected from there to about 61.8% fibo level and made a swing low today around 18200. The pattern indicates that is forming a flag & pole pattern. Also, as a learner of EW; my wave count suggest that it was a wave 2...

aktradelearning P Updated 

FSL on weekly timeframe has given a good 5 weeks of inside candle consolidation breakout with volumes, The breakout has also been above a counter trendline (previously a support trendline in lower high formation during correction, and breakdown in Feb'22). On daily time frame, FSL is trading in a range since last 180-190 sessions and has first time given a...

aktradelearning P Updated 

Bajfinance on weekly chart is showing initial signs of reversal and personally anticipating a higher bottom on weekly timeframe which is also at a good fibo support zone and can potentially provide a start of formation of Weekly double bottom or (W) pattern, also stock is nearing its 200 weekly ema which has acted as good investment / accumulation zone in past....

aktradelearning P Updated 

Ramco cements has been given 18 weeks of Insider Bar consolidation breakout and price is now consolidating above IB breakout level for last two weeks, keep this setup in radar for longs

aktradelearning P Updated 

KPIT - Can it make C&H pattern on weekly TF, which is continuation pattern after a huge rally from base.... Keep tracking

aktradelearning P Updated 

TCS on daily chart is showing a horizontal breakdown of support, however as I read it -neither the breakdown candle didn't had much volumes nor there is any follow up volumes on subsequent days so far, infact the low of the breakdown candle is stil intact and possibility of this being a bear trap setup is higher in my opinion. Keeping this in radar to see if...

aktradelearning P Updated 

Reliance on Daily time frame broke down important support level and gave a weak closing on 15th March, although there are some more supports placed below but if I look at current price vs volume relationship and whatever my understanding and view is that even though the volumes were on higher side today in comparison to last two day's session, the price couldn't...

aktradelearning P

Naukri is giving falling wedge breakout on weekly charts and RSI has also given a breakout. Price has also given breakout of important ema confluence on daily + weekly charts. The setup is really looking nice to move up higher.

aktradelearning P Updated 

Sharing my multi timeframe analysis on Metal index, which I believe is a candidate for coming weeks to show some strength On Monthly tf, it has formed inverted bullish hammer in March which is generally a sign of reversal and also looks like a higher double bottom formation near 38 to 50% fibo support zone of the swing from Covid low to Apr'22 high On Weekly...

aktradelearning P Updated 

CUB is trading at 10 year old trendline support, this has acted as a good support for atleast three times in past and so far price has respected this in last weekly closing. Weekly RSI is currently around 32, which is indicating oversold and stock is trading near to its Covid Low. Although, the stock is trading below most of the key moving averages but long term...

aktradelearning P Updated 

This chart is just for study purpose to understand the price action on BEL chart. BEL has previously given a rounding bottom breakout on Weekly charts in August 2021 and it achieved its pattern target by Sept'22. Price after making its high in Sept'22 was under consolidation and correction and is travelling in a falling channel on weekly timeframe and has taken...

aktradelearning P Updated 

Siemens on weekly timeframe is forming a rising wedge formation. It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove. Although, this post doesn't deal in great detail with EW wave...

aktradelearning P Updated 

Exide is setting up very well for next leg of big breakout, keep this setup in radar

aktradelearning P Updated 

Price is under falling channel with RSI showing +ve divergence It has also closed above 20dema after 76 session with good volumes and as per VSA analysis, even though volumes were higher candle stick spread is very small and this has appeared in a downtrend. It can be sign of smart accumulation here and breakout above 1450 could trigger good short covering....

aktradelearning P Updated 

#Banknifty after making a fresh ATH in Dec 2022, has corrected for almost 5100 points and bottomed out in March. Since then it is in continuous uptrend. Currently price is in a upward moving channel and as per my little understanding of Wave, it is probably in (iii) of 5. 43800 is a strong resistance zone which, lets say it gave a fakeout in Dec and then went...

aktradelearning P Updated 

Nifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between. It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level. Nifty bounced by more than 100+ points from that support. In...